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  • #16
    Originally posted by The Doctor View Post
    ....
    At the end of 2010, the GDP was still lower than it was when Maobama took office.
    Well, that figures, fewer people working.

    But hey, the 1% is doing great with the stock-market, so everything must be wonderful.
    "Why is the Rum gone?"

    -Captain Jack

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    • #17
      Nah...when O'barmy took over the econ was at -2.8, that's your starting point. After that it increased to +2.5....see?
      And, Doc? I love your charts and logic. Keep up the good work!
      ARRRR! International Talk Like A Pirate Day - September 19th
      IN MARE IN COELO

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      • #18
        From the NY Times:



        That says it all. Unemployment has skyrocketed under Obama and the U-30 figure trotted out is nothing short of a lie.
        The economy is in the toilet.

        This one shows that the projected commercial occupancy rates are expected to jump once Obama is out of office.



        It is one sign that private business has no faith in Obama or his administration and are just waiting him out and hoping that the next President is far more business friendly.

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        • #19
          Much of our problems here in New York are not caused by Federal policies but rather by local policies. I would say we are no better, but no worse. We need to get rid of Cuomo and get a good business friendly governor in place, perhaps eliminate the state income tax and drastically reduce the state corporate taxes.

          New York is losing ... and raising the minimum wage to $15 is going to make things much, much worse.

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          • #20
            who dat?

            ...ummm...T.A.G.? Yer startin' to look a lot like Doc...just sayin'
            ARRRR! International Talk Like A Pirate Day - September 19th
            IN MARE IN COELO

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            • #21
              Originally posted by Jose50 View Post
              ...ummm...T.A.G.? Yer startin' to look a lot like Doc...just sayin'
              And here I thought that imitation was the sincerest from of sarcasm... Or something like that...

              Comment


              • #22
                Originally posted by T. A. Gardner View Post
                And here I thought that imitation was the sincerest from of sarcasm... Or something like that...


                What this world needs is another Monty Python.

                Well, besides a better economy, permission to fight evil, actual borders so that one nation's mistakes don't ruin all the others... and a whole bunch of other stuff.
                "Why is the Rum gone?"

                -Captain Jack

                Comment


                • #23
                  How the U.S. Economy Is Doing, as Told by UPS’ Seasonal Jobs Numbers

                  The international shipping company said Tuesday that it is looking to add between 90,0000 and 95,000 full-time and part-time seasonal workers, primarily package handlers, drivers and driver-helpers. The number of additional workers UPS plans to hire is the same number of anticipated new hires last year, according to CNN.

                  But according to Dan Mitchell, an economist for the libertarian Cato Institute, the number of extra employees one of the world’s largest shipping companies needs in order to fulfill holiday orders reveals much more than just that.

                  “The fact that we have a stagnant employment situation as measured by UPS seasonal hiring, you could say that’s not a good reflection of the economy,” Mitchell told TheBlaze on Tuesday. ”We’re not expecting more packages to be shipped. We’re not expecting more consumer spending, which presumably is a reflection of the fact that consumer income isn’t climbing in a robust fashion.”

                  However, as Mitchell also pointed out, those same “dismal conclusions” could also be drawn just by looking at other data.

                  While President Barack Obama and his supporters have repeatedly pointed to the unemployment – the lowest it’s been in seven years – Mitchell suggested the labor force participation rate provides a more accurate picture of economic conditions, showing that that number is the lowest it’s been in nearly 40 years.

                  Mitchell also pointed to government data released in 2014 showing the median U.S. household income at $51,939 in 2013, up from $51,759 the year before.

                  U.S. median income was $50,054 in 2011, a 1.5 percent drop from 2010.
                  ....
                  http://www.theblaze.com/stories/2015...-jobs-numbers/

                  AND ....

                  Census: U.S. Household Income Peaked at End of 20th Century; Down 6.5% in Last 7 Years

                  (CNSNews.com) - Real median household income in the United States has been on a generally downward trend since it peaked at the end of the last century in 1999, according to data released yesterday by the Census Bureau.

                  In 2014, according to Table H-6 that the Census Bureau released along with its annual report on income and poverty in the United States, real median household income was $53,657.

                  The report said that was “not statistically different from the 2013 median,” which was $54,462.

                  However, said the Census Bureau, the median household income of $53,657 in 2014 was “6.5 percent lower than the 2007 (the year before the most recent recession) median ($57,357), and 7.2 percent lower than the median household income peak ($57,843) that occurred in 1999.”


                  http://www.cnsnews.com/news/article/...d-20th-century
                  TANSTAAFL = There Ain't No Such Thing As A Free Lunch

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                  • #24
                    And intrest rates are going to remain effectively nill, our central bank tells us now.

                    Glad I'm not invested in Banks at all.
                    "Why is the Rum gone?"

                    -Captain Jack

                    Comment


                    • #25
                      Originally posted by The Exorcist View Post
                      And intrest rates are going to remain effectively nill, our central bank tells us now.

                      Glad I'm not invested in Banks at all.
                      If the interest rate on borrowing for the Fed etc., went up to just 4% that's $760 billion a year in new interest against the US debt alone... Think all that new Obama spending doesn't have consequences?
                      One is the Fed is now stuck holding interest on money at essentially 0% or potentially faces wrecking the US, and potentially world, economy. In effect, the Fed has lost a tool for controlling monetary inflation and deflation by being trapped into a 0% interest loan scheme.

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